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Latest Insurance News Today

Identify Fraudulent Claims Insurance Industry

ICICI Lombard Upgrading Fraud Detection To Stem Fraudulent Claims

March 2018

Increasing incidences of fraudulent claims has led ICICI Lombard to strengthen their fraud detection processes

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Featured Articles

ICICI Lombard Upgrading Fraud Detection To Stem Fraudulent Claims

March 31 2018

Increasing incidences of fraudulent claims has led ICICI Lombard to strengthen their fraud detection processes

Read More

Union Budget 2021: Finance Minister proposed hiking FDI limit in insurance to 74%

February 02 2021

The Government of India has proposed a hike in the limit or cap on Foreign Direct Investment (FDI) in the insurance sector to 74% from the existing 49%. The decision was announced by the Finance Minister of India, Mrs Nirmala Sitharaman, during her budget speech in the parliament on 1st February 2021.

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Insurance Regulator Mandates Cancellation of RC In Case of Total Loss Claim Settlement

July 30 2019

IRDAI’s mandate to cancel the registration of completely destroyed vehicles is expected to put a check in the cases of fraudulent car registrations.

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Indian Insurers are Lining Up to Offer A Wide Range of Protection from Cyber Threats

November 02 2018

Insurers are all set to roll out cyber insurance policies for individuals to protect them from a range of cybercrimes.

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Car and Bike Owners Can Now Choose the Tenure of Their Accident Insurance

October 11 2018

A circular issued by IRDAI gives vehicle owners the flexibility to choose their own personal accidental cover tenure.

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PoS Okayed for Distribution of All Micro-Insurance Products

October 01 2018

IRDAI grants all micro-insurance distribution through point of sales

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IRDAI Mandates ₹15 Lakh Accident Cover for All Vehicles

September 24 2018

IRDAI declares accident cover for motor owner-driver

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IRDAI to Encourage Innovation in Insurance, Sets Up Committee

September 20 2018

IRDAI to follow a ‘Regulatory Sandbox Approach’ for Insurance and financial technology innovations

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Indian Insurance Industry Expected to reach US$280 billion by 2020

September 14 2018

Premium collection and insurance penetration, both have been growing over the last decade

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Flood Claim Norms Relaxed by Insurance Firms

September 01 2018

Relaxation of norms will help victims reeling from Kerala floods

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Companies Purchasing Cyber Insurance Policies After Major Hacks

August 30 2018

Rising number of cybercrimes is prompting companies to opt for cyber insurance policies.

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Gross Premium Collection of 33 General Insurers Grows 20% in July

August 24 2018

Non-life insurance companies saw a significant jump in gross premium collection in July 2018

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Multi-Year Third Party Motor Insurance Premiums May Cost More

July 26 2018

The insurance premiums for motor insurance is expected to witness a 10-12% increase

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